Your Investment & Business Network Has Everything You Need to Stay Informed and Make Informed Decisions.
⎯ 《 Yibn • Com 》
Italy's bad loan proposal alarms investors
Italy's bad loan proposal alarms investors
By Valentina Za and Angelo Amante MILAN A proposed law by Italian Prime Minister Giorgia Meloni's party to
2023-08-16 23:22
Elizabeth Holmes prison: Everything we know about disgraced Theranos founder going to jail
Elizabeth Holmes prison: Everything we know about disgraced Theranos founder going to jail
Disgraced Theranos founder Elizabeth Holmes is about to begin her 11-year prison sentence after being found guilty of defrauding investors, including media mogul Rupert Murdoch, over fake claims about the company’s blood-testing capabilities. As well as being handed jail time over her role in misleading investors, Holmes was also ordered to pay $452m in restitution. Follow the latest updates live “This is a fraud case where an exciting venture went forward with great expectations and hope, only to be dashed by untruth, misrepresentations, hubris, and plain lies,” Judge Davila, presiding over the case, said before handing down the prison sentence to Holmes. “I suppose we step back and we look at this, and we think, what is the pathology of fraud? Is it the inability or the refusal to accept responsibility or express contrition in any way? Now, perhaps that is the cautionary tale that will go forward from this case.” Ahead of being sentenced, Holmes, who has long maintained she did not intend to defraud anyone, told the court: “I am devastated by my failings. “Every day for the past years I have felt deep pain for what people went through because I failed them. I regret my failings with every cell of my body.” Where will Holmes serve her sentence Holmes, who requested 18 months of house arrest as a punishment, will begin her sentence at Federal Prison Camp Bryan in Texas – an all-female facility 100 miles from Holmes’ hometown. The minimum security prison houses around 500 inmates, and runs a variety of programmes intended to prepare prisoners for life after incarceration, according to Camp Bryan’s handbook. Holmes’ day will begin at 6am, when inmates are woken up for meals and work; people failing to comply with the strict wakeup rules are subject to punishments. Inmates are then counted at five different times during the day, when they must assemble in specific areas (once again, punishments are doled out to those who are not present at these times). The prison features a study, game room, and work programmes that see all inmates take part in a six-week course on the importance of efficiency in the workplace before they are placed into a role – with some prisoners earning as little as $0.12 in some assignments. According to the handbook, “All designated inmates are required to develop a financial plan to meet their financial obligations”, which for Holmes will mean reparations of $452m. How will Holmes keep in touch with her family? Holmes is married to Billy Evans, and the pair have two children, William, 2, and newborn Invicta. She lives around 100 miles from her family, who will be permitted to visit at weekends. Inmates at Camp Bryan are also permitted to take part in video sessions with their friends and family, according to the handbook, as well as to send and receive text messages. Prior to beginning her sentence at Camp Bryan, Holmes spent the weekend with her husband and children at the beach.
2023-05-30 22:27
Foreign investors trickle back into Asian equities on hopes of Fed rate cycle peak
Foreign investors trickle back into Asian equities on hopes of Fed rate cycle peak
By Gaurav Dogra Foreign investors are tiptoeing back into Asian equities in November, reversing a trend of heavy
2023-11-08 17:29
US Approves $6 Billion Sale of Boeing Surveillance Aircraft to Canada
US Approves $6 Billion Sale of Boeing Surveillance Aircraft to Canada
The US approved the potential sale of as many as 16 P-8 surveillance aircraft to Canada in a
2023-06-28 05:46
Tesla China extends delivery time for Model Y Long Range to 6-8 weeks
Tesla China extends delivery time for Model Y Long Range to 6-8 weeks
BEIJING Tesla China has extended delivery time for its Model Y Long Range to between six and eight
2023-09-04 13:29
Two Hotels Prioritize Guest and Staff Safety with K5 Autonomous Security Robots
Two Hotels Prioritize Guest and Staff Safety with K5 Autonomous Security Robots
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Oct 11, 2023--
2023-10-11 21:55
American Airlines sues a travel site to crack down on consumers who use this trick to save money
American Airlines sues a travel site to crack down on consumers who use this trick to save money
American Airlines is trying to crack down on a travel hack
2023-08-19 05:28
Zoom forecasts current-quarter profit above estimates on strong enterprise demand
Zoom forecasts current-quarter profit above estimates on strong enterprise demand
By Jaspreet Singh (Reuters) -Zoom Video Communications forecast third-quarter profit above Wall Street estimates on Monday, a positive sign for
2023-08-22 06:15
China Bonds Are Obvious Winners With More Easing, Invesco Says
China Bonds Are Obvious Winners With More Easing, Invesco Says
China’s sovereign bonds are an “obvious” trade as the central bank will ease monetary policy for at least
2023-08-07 10:18
Fortune Media and Great Place To Work Name Helios Technologies’ Operating Company, Enovation Controls, to 2023 Best Workplaces in Manufacturing & Production List
Fortune Media and Great Place To Work Name Helios Technologies’ Operating Company, Enovation Controls, to 2023 Best Workplaces in Manufacturing & Production List
SARASOTA, Fla.--(BUSINESS WIRE)--Sep 25, 2023--
2023-09-25 21:22
Hawaii Electric’s Insurance is Fraction of Potential Fire Claims
Hawaii Electric’s Insurance is Fraction of Potential Fire Claims
Nearly two months after the deadly Maui wildfires, Hawaiian Electric Co. revealed the limited scope of insurance coverage
2023-10-04 23:55
Pennsylvania Convention Authority Renews ASM Global Management Contract Becoming First Venue in World Leader’s ‘Premier Package’ Convention Center Expansion
Pennsylvania Convention Authority Renews ASM Global Management Contract Becoming First Venue in World Leader’s ‘Premier Package’ Convention Center Expansion
PHILADELPHIA--(BUSINESS WIRE)--Aug 24, 2023--
2023-08-25 05:16